Texas Finance Code 348.008 – Applicability of Other Statutes to Retail Installment Transaction
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(a) A loan or interest statute of this state, other than Chapter 303, does not apply to a retail installment transaction.
(b) Except as provided by this chapter, an applicable statute, including Title 1, Business & Commerce Code, or a principle of common law continues to apply to a retail installment transaction unless it is displaced by this chapter.
Terms Used In Texas Finance Code 348.008
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Statute: A law passed by a legislature.